Large South Korean firms phased out over 10,000 jobs in the past two months due to social distancing measures caused by the outbreak that curtailed consumer spending.
On the contrary, there were 3,400 jobs created in the same period last year.
Of the 15 sectors that suffered job reduction, the distribution industry absorbed the worst with over 4,000.
This was followed by service firms with 1,983 job cuts, state firms with 1,871, and food and beverage with 1,494.
The company most affected was CGV, South Korea's largest multiplex chain, which had the largest job loss with 2,331 as the coronavirus forced theaters to close.
The second was by CJ Foodville, a food service company, with 1,629. Then there's Starbucks Korea with 859 and Lotte Shopping with 827.
Nonetheless, some firms increased their payrolls to meet the growing demand for products and services.
E-commerce company Coupang Inc. added the most jobs with 913, fueled by increased demand for delivery services.
Samsung Electronics Co. came in second with 420, trailed by SK Hynix Inc. with 310.


Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment
Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers
Central Banks Could Buy 20,000 Tonnes of Gold: BofA
Asian Stocks Fall as AI Fears and Oil Surge Hit Markets
US Stock Futures Rise as Markets Brace for Fed Rate Hike
Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears
Hormuz Vessel Traffic Drops to Single Digits
Dollar Rises as Fed Hike Bets Weigh on Asian Currencies
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks
Finland Raises 2026 Growth Forecast as Exports and Investment Surge
EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar
Oil Prices Surge as Houthi Attacks Raise Saudi Supply Fears
China’s Slower Loan Growth Becomes ‘New Normal’ as Credit Demand Weakens
UK Wage Growth Slows as BoE Rate Decision Looms
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 



